A private banking veteran returns to Deutsche Bank as its vice chairman of wealth management in Asia Pacific.
Anurag Mahesh has been named vice chairman, wealth management APAC, according to a statement.
In the newly created role, Mahesh will focus on bringing new client relationships for the wealth management business as well as assisting coverage and advisory teams with deepening relationships with existing clients. He also joins the international private bank APAC executive council.
Based in Singapore, Mahesh reports regionally to head of IPB APAC and Hong Kong branch chief executive Lok Yim and globally to global head of lending and advisory & sales Alessandro Caironi.
Deutsche Bank Return
Mahesh returns to the German private bank where he previously served from 2007 to 2017.
He has over 25 years of private banking experience, most recently with UBS as its APAC co-head of global family office.
Ratings Upgrade
According to Yim, the bank is experiencing positive momentum fuelled in part by recent upgrades in its credit rating by major agencies.
«The recent upgrade of our ratings by Moody’s, Fitch, and S&P positive for our conversations with clients, and we have been steadily investing in the best talent in the region as well,» Yim said in the statement.
«We’ve had strong net new asset growth this year, with significant client participation in our recently launched innovative portfolio solutions - the Strategic Asset Allocation and Strategic Income Allocation strategies.»
